Form 4 for AKAM Akamai Technologies
Accepted 2023-03-08 00:00:00 ET · period of report 2023-03-06 · accession 0001086222-23-000118 · SEC index · Original document
Summary rows
Aggregated the way they appear in lists: one row per insider, transaction code and security table.
| X | Filed | Traded | Ticker | Insider | Title | Type | Price | Qty | Owned | ΔOwn | Value |
|---|---|---|---|---|---|---|---|---|---|---|---|
| D | 2023-03-08 | 2023-03-07 | AKAM | Karon Adam | COO, GM Edge Technology Group | M - OptEx | $0.00 | +5,356 | 45.2K | +13% | $0 |
| D | 2023-03-08 | 2023-03-07 | AKAM | Karon Adam | COO, GM Edge Technology Group | F - Tax | $74.94 | -2,393 | 42.8K | -5% | -$179.3K |
| DM | 2023-03-08 | 2023-03-06 | AKAM | Karon Adam | COO, GM Edge Technology Group | A - Grant | $0.00 | +65.4K | 13.1K | New | $0 |
| D | 2023-03-08 | 2023-03-07 | AKAM | Karon Adam | COO, GM Edge Technology Group | M - OptEx | $0.00 | -5,356 | 10.7K | -33% | $0 |
Purchase Sale Sale after option exercise All abbreviations
Every reported transaction
| # | Table | Security | Date | Code | A/D | Shares | Price | Owned after | Own | Exercise / expiry | Underlying | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Common | Common Stock | 2023-03-07 | M | A | 5,356 | $0.00 | 45,152 | D | — | — | |
| 2 | Common | Common Stock | 2023-03-07 | F | D | 2,393 | $74.94 | 42,759 | D | — | — | |
| 3 | Derivative | Restricted Stock Units | 2023-03-06 | A | A | 32,692 | $0.00 | 32,692 | D | $0.00 · — to 2026-03-07 | 32,692 Common Stock | (F1) Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting. (F2) RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date. |
| 4 | Derivative | Restricted Stock Units | 2023-03-07 | M | D | 5,356 | $0.00 | 10,713 | D | $0.00 · — to 2025-03-08 | 5,356 Common Stock | (F1) Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting. (F2) RSUs vest over three years in equal installments on the first, second and third anniversaries of the grant date. |
| 5 | Derivative | Performance Restricted Stock Units | 2023-03-06 | A | A | 19,615 | $0.00 | 19,615 | D | $0.00 · — to 2026-03-07 | 19,615 Common Stock | (F1) Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting. (F3) Vesting of such RSUs is dependent on Akamai's achievement of a specified financial performance targets for each of 2023, 2024 and 2025. To the extent such targets are met, the RSUs will vest on the date the company's financial results for 2025 are certified. Amount reported is target issuable. |
| 6 | Derivative | TSR Restricted Stock Units | 2023-03-06 | A | A | 13,077 | $0.00 | 13,077 | D | $0.00 · — to 2026-03-07 | 13,077 Common Stock | (F1) Each restricted stock unit ("RSU") represents the right to receive one share of Akamai common stock upon vesting. (F4) Vesting of such RSUs is dependent on the relative cumulative total shareholder return of Akamai's common stock as compared to the S&P 500 Information Technology Index for 2023, 2024 and 2025. To the extent the company's total shareholder return exceeds specified target percentile rankings within such index, the RSUs will vest in full on the date the company's financial results for 2025 are certified. Amount reported is target issuable. |